Reports claim Nigerian officials are meeting bond investors in London next week, according to a person familiar with the matter, as the government considers tapping international debt markets for the first time in three years to help finance its record budget deficit.

Finance Minister Kemi Adeosun will head the meetings on June 7, which have been arranged by Standard Chartered Plc, according to the person, who asked not to be identified because he’s not authorised to comment publicly. Abraham Nwankwo, head of Nigeria’s Debt Management Office (DMO), Dami Adesanya, an adviser at the finance ministry, and a representative of the central bank will be part of the Nigerian delegation, according to the person.

The talks will probably focus on Nigeria’s currency controls and its policy of pegging the naira against the dollar, according to Standard Life Investments Ltd., which manages around $1.3 billion of fixed-income assets in emerging markets. The curbs have exasperated investors, who say the currency is overvalued, and caused investment into Africa’s largest economy to shrivel.

Reuters said Nigeria plans to borrow as much as $10 billion from debt markets, with about half of that coming from foreign sources, to help fund a budget deficit worsened by the slump in oil prices that has slashed revenues and weakened the naira.

“It’s non-deal roadshow to explain government policy to investors. There’s no transaction. It’s been a while since the government came to London to update investors on what’s happening,” a source said.

President Muhammadu Buhari and central bank Governor Godwin Emefiele hinted in the past two weeks that they will shift their stance and allow more flexibility.

“A lot of Nigeria’s problems today can be traced back to the pegged exchange rate,” Mark Baker, a money manager at Standard Life, which has recently bought Nigerian Eurobonds in anticipation of a devaluation, said by phone from London. “The current policy mix is clearly unsustainable, given what’s happened with oil prices and the impact on the fiscal position. A weaker currency is obviously needed to help boost fiscal revenues.”

The government said earlier this year that it plans to raise about $5 billion of external debt in 2016 to help fund a N6.1 trillion ($31 billion) budget that’s meant to stimulate its contracting economy. Adeosun said in April that Nigeria was considering a debut yuan-denominated bond as it may be cheaper than dollar-debt.

Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.